Nigeria (Commonwealth) _In the World Finance Banking Awards 2024, Zenith Bank Plc was victorious as the Best Commercial Bank, Nigeria, holding the title for a record-breaking fourth consecutive year. In the World Finance Corporate Governance Awards 2024, the bank was also recognized as Best Corporate Governance, Nigeria for the third consecutive year.
The accolades, which were announced in the World Finance Magazine’s Summer 2024 issue, are a testament to the bank’s strong financial results, excellent customer service, sustainability programs, and corporate governance standards.
Regarding the two awards, Dame (Dr.) Adaora Umeoji, Group Managing Director/Chief Executive of Zenith Bank Plc, said: “These honors demonstrate our unwavering commitment to quality, adherence to international best practices, , as well as our unwavering commitment to provide exceptional value to all stakeholders via cutting-edge goods and services.
“Getting these honors year after year for a number of year’s shows how dedicated our employees are, how devoted our clients are, and how supportive our shareholders are of us. Our commitment to establishing industry standards and promoting excellence in all facets of our business operations has not changed.
Dr. Umeoji conveyed her happiness at the honor and dedicated the prizes to Dr. Jim Ovia, the founder and chairman, in appreciation of his influential guidance in creating a strong and thriving organization.
She also thanked the team for their steadfast devotion, the board for their vision and insight, and the bank’s clients for selecting Zenith as their chosen bank. Leading worldwide journal World Finance offers thorough reporting and analysis on international business, the global economy, and the financial sector.
Award-winning reporting on a wide range of subjects, including wealth management, insurance, and banking, is combined with commentary from some of the most renowned economists and theorists in the world, as well as advisors to government think tanks and the World Economic Forum.
With a history of exceptional performance, Zenith Bank has garnered numerous awards. These most recent honors follow a string of recognitions, such as being named the top bank in Nigeria by Tier-1 Capital for a record 14 years running in The Banker Magazine’s 2023 Top 1000 World Banks Ranking. Additionally, it received the following honors: Most Sustainable Bank, Nigeria in the International Banker 2024 Banking Awards; and Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards for 2020 and 2022.
Additional accolades include being named Best Bank in Nigeria by Global Finance for three years running, from 2020 to 2022. The World Finance Banking Awards recognized Nigeria’s Best Commercial Bank and the World’s Best Banks Awards for three years running, from 2021 to 2023.
Furthermore, Zenith Bank was recognized as the World Finance Corporate Governance Awards’ Best Corporate Governance Bank, Nigeria for 2022 and 2023, as well as the Ethical Boardroom’s “Best in Corporate Governance” Financial Services’ Africa for four years running, from 2020 to 2023.
Due to the bank’s dedication to quality, it was recognized with several honors, including the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500 Banking Brands for 2020 and 2021.
With its main office in Lagos, Nigeria’s Victoria Island, Zenith Bank Plc is a significant Anglophone West African financial services company. The Central Bank of Nigeria, the country’s banking authority, has granted it a license to operate as a commercial bank.
Its total assets as of April 1, 2024, were over $16.5 billion, and its shareholders’ equity was $854 million. The London Stock Exchange and the Nigeria Stock Exchange both list the firm. In July of 1990, Zenith Bank opened for business, having been founded in May of the same year. Its $4 million capital basis was established at the outset.
One of the first businesses to invest in online banking was Zenith Bank, which embraced the use of the internet in 1999 to sell financial services and encourage customer usage of online banking. Early in the new millennium, Zenith’s notoriety started to grow. Its IT expenditures enabled it to contend with bigger branch networks of the major banks, and it quickly started to report net profits on par with those of some of the more established big banks.
In all states and the Federal Capital Territory, Zenith Bank operated more than 500 branches and commercial offices as of 2016.It keeps subsidiaries in Sierra Leone, Ghana, the United Kingdom, the United Arab Emirates, and the Gambia. There is a Bank office in China as well.
